EFI Reports Q2 Revenue of $246M, Up 21% Compared to Q2 of 2015
FREMONT, Calif. — July 26, 2016 — Electronics For Imaging (EFI), a world leader in customer-focused digital printing innovation, has announced its results for the second quarter of 2016.
For the quarter ended June 30, 2016, the Company reported record second quarter revenue of $245.7 million, up 21% compared to second quarter 2015 revenue of $202.7 million. GAAP net income was $5.2 million or $0.11 per diluted share, compared to $7.7 million or $0.16 per diluted share for the same period in 2015. Non-GAAP net income was $26.7 million or $0.56 per diluted share, compared to non-GAAP net income of $22.9 million or $0.48 per diluted share for the same period in 2015.
For the six months ended June 30, 2016, the Company reported revenue of $479.8 million, up 21% year-over-year compared to $397.3 million for the same period in 2015. GAAP net income was $7.3 million or $0.15 per diluted share, compared to $13.0 million or $0.27 per diluted share for the same period in 2015. Non-GAAP net income was $52.9 million or $1.11 per diluted share, compared to non-GAAP net income of $44.4 million or $0.92 per diluted share for the same period in 2015.
“The EFI team delivered a solid quarter despite the disruption caused by global events during the last week of the quarter,” comments Guy Gecht, CEO of EFI. “At the same time, EFI’s market position at the drupa trade show validated both our strategy and product roadmap, and we’re particularly encouraged by the exceptional reception to our new Nozomi platform. The drupa momentum is feeding into the strength we are seeing in the Industrial Inkjet and Productivity Software segments which keep us on track to deliver our stated goal of $1 billion in revenues for the year.”
EFI is a global technology company, based in Silicon Valley, and is leading the worldwide transformation from analog to digital imaging. EFI is passionate about fueling customer success with products that increase competitiveness and boost productivity. To do that, it develops breakthrough technologies for the manufacturing of signage, packaging, textiles, ceramic tiles and personalized documents, with a wide range of printers, inks, digital front ends and a comprehensive business and production workflow suite that transforms and streamlines the entire production process.